News: Plug Power Inc (PLUG.O)

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Wed, Jun 17 2009

UPDATE 1- Plug Power shareholders reject annual incentive plan

* Says largest stockholder did not vote on the proposal

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UPDATE 1-Plug Power posts narrower Q1 loss

May 7 (Reuters) - Fuel-cell maker Plug Power Inc's first-quarter loss shrunk 61 percent, helped by higher product and service revenue and lower expenses. The Latham, New York-based company reported a net loss of $8.2 million, or 6 cents a share, narrower than $20.7 million, or 24 cents a share, a year earlier.

UPDATE 1-Plug Power posts wider-than-expected Q4 loss

* Q4 adj loss $0.19 * Rev $5.3 mln vs est. $4.6 mln March 16 (Reuters) - Fuel-cell maker Plug Power Inc posted a wider-than-expected quarterly loss, as a surge in expenses offset a rise in GenDrive orders.

UPDATE 1-Plug Power to cut about 90 jobs

Dec 18 (Reuters) - Fuel-cell maker Plug Power Inc , said it will cut about 90 jobs as a part of a restructuring.

UPDATE 1-Plug Power Q3 loss narrows

* Q3 loss/shr $0.16 narrower than estimates by $0.02 * Still

Russia's Potanin sells $600 mln assets to Norilsk unit

MOSCOW, Oct 13 (Reuters) - Russian billionaire Vladimir Potanin has sold $600 million worth of assets to the power unit of mining giant Norilsk Nickel , the unit said on Monday in a move that may deepen a spat between Norilsk owners.

Plug Power, Akeena Solar loss widens; shares fall

BANGALORE (Reuters) - Plug Power Inc and Akeena Solar Inc, which serve the alternate energy markets, reported wider-than-expected second-quarter loss, sending shares of both companies down to more than 12 percent.

UPDATE 1-Plug Power Q2 loss widens

Aug 6 (Reuters) - Fuel cell maker Plug Power Inc posted a wider second-quarter loss, hurt by restructuring and impairment charges.

UPDATE 1-Plug Power to cut 80 jobs

June 11 (Reuters) - Fuel cell maker Plug Power Inc said it will cut about 80 jobs, or 21 percent of its work force, to reduce costs and that most of the related charges will be taken by the end of the year.

REFILE-Plug Power to add sales staff, eyes India market

NEW YORK, May 20 (Reuters) - U.S. fuel cell maker Plug Power will increase its sales force staff in a bid to boost revenues and create stronger relationships with customers, Chief Executive Officer Andrew Marsh told Reuters on Tuesday.

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